Midrand and Sandton; Residential Leaders in Johannesburg
Category Property News
The City of Johannesburg Metropolitan Municipality is the epicentre of activity in just about every industry - from residential and commercial to retail. This activity has earned it the title of South Africa's "Engine Room" and it plays a pivotal role in the GDP output of Gauteng, which holds about 35% of South Africa's GDP. Today, the city's residential market is growing phenomenally and has become the chosen destination for professionals, first-time buyers and families.
Home to close to 8 million people, the metro is made up of suburbs that are attracting new home buyers and tenants due to its close proximity to commercial precincts, and key amenities such as schools, hospitals and shopping malls. According to the latest reports, the main suburbs driving growth and development here are Sandton and Midrand, and this trend will continue into the future.
Midrand's central location, situated halfway between Johannesburg and Pretoria, places it strategically to innovative governmental projects planned for the city as a whole. These projects will positively affect development in the suburb by advancing urbanisation, promoting a more inclusive society, stimulating private investments and improving infrastructure. More than this, the already bustling residential market will see significant expansion, specifically in the sectional-title and estate markets.
Kyalami Hills is a hotspot for tenants from high-income brackets, including families and couples from professional backgrounds. Here, you can find architecturally designed estates that are spacious, secure and complete with onsite amenities and facilities such as clubhouses, gyms and pools. A good example of this is in Riverbend Estate, which boasts two bedroom apartments, and three to four bedroom duplexes and triplex houses.
Carlswald, on the other hand, is popular among tenants who are looking for their first rental homes that are affordably priced. The most in-demand price brackets are between R6000 - R7000 per month, which offers one or two bedroom units. CSi Property Group has a number of sole mandate listings from Carlswald - all of which have two beds and two baths, built-in-cupboards, an open-plan fitted kitchen, and a spacious lounge.
Sandton's residential market attracts a majority of corporate tenants and buyers who want to be located close to employment hubs and transport links. However, in recent times, the market has become more diversified to include a high percentage of retirement buyers who are choosing the suburb for its modern retirement homes.
With the high demand for homes here, the market is currently experiencing much relief due to an influx of new stock arriving on the market, especially those that were purchased off-plan. This means that for buyers and tenants, they have a wide selection of brand new developments to choose from.
Sandton's Douglasdale has emerged as an "in-demand" retirement destination and having noticed this, CSi Property Group has mandated a number of homes from the Douglasdale Retirement Village. We have a number of sole mandate listings from the development, ranging in size from 1 to 3 bedrooms, and in price from R870 000 to R4,4mil. All residents benefit from 24hr security, doctor's consulting room, frail care and mid-care facilities, hair and beauty salon, laundry service, shuttle service, community hall, and a dining room with a fully-equipped industrial kitchen.
To find out more about our listed properties from CSi Property Group, speak to our helpful agents today.
Author: CSi Property Group